CTC Media: Financial Results for the First Quarter Ended March 31, 2009.(Financial report)
PR Newswire Europe, May, 2009
MOSCOW, May 7 /PRNewswire/ -- CTC Media, Inc. ("CTC Media" or "the Company") (NASDAQ: CTCM), the leading independent media company in Russia, today announced its unaudited consolidated financial results for the first quarter ended March 31, 2009.
Three Months
Ended March 31,
(US$ 000's except per share data) 2008 2009 Change
Total operating revenues $136,746 $104,778 -23.4%
Total operating expenses (83,714) (68,195) -18.5%
OIBDA(1) 55,236 39,164 -29.1%
OIBDA margin 40.4% 37.4% -3.0%
Net income...
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